BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

DuPont (DD) Announces Formation of Two New Business Units, Industrial Biosciences and Nutrition & Health


5/20/2011 6:50:36 AM

DuPont (NYSE:DD - News) today announced the formation of two new business units, Industrial Biosciences and Nutrition & Health. The company has appointed Craig F. Binetti as the president of the new Nutrition & Health business and James C. Collins, Jr. as president of Industrial Biosciences. Richard C. Olson will assume responsibility for ongoing integration of Danisco across both new businesses units.

Industrial Biosciences will integrate Danisco's Genencor enzyme division with the DuPont Applied BioSciences business to create a leading $1 billion industrial bioscience business. This unit will stand alone as a financial reporting segment.

Nutritional & Health will combine Danisco Food Ingredients with DuPont's existing Nutrition & Health business to form a premier $3 billion specialty food ingredients and food safety business. Nutrition & Health also will stand alone as a financial reporting segment.

Additional details on both reporting segments will be provided when DuPont reports second quarter earnings in late July.

Binetti, 55, has led DuPont's Nutrition & Health business since 2007. He has led several businesses during his 34-year career with DuPont, including serving as chairman and CEO of Solae, the company's soy protein joint venture with Bunge.

Collins, 48, has served in a range of business and operations leadership roles at DuPont, with a strong background in agriculture. He led DuPont's Crop Protection business from 2004-2011. Since January, Collins has led the integration team preparing for DuPont's acquisition of Danisco.

Olson, 55, leads the company's productivity improvement and business process simplification programs across the company. He has served in a range of business and operations leadership roles since joining the company as a process engineer in 1978. Before assuming his current role earlier this year, Olson led the Titanium Technologies business since 2005.

DuPont, through DuPont Denmark Holding ApS, has acquired more than 92 percent ownership of Danisco. Upon completion of an extraordinary general meeting of Danisco shareholders in June, Binetti and Collins will join the Executive Board of Danisco A/S.

DuPont (www.dupont.com) is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.

Biographies and photos of James Collins, Craig Binetti and Richard Olson are available at http://www2.dupont.com/Our_Company/en_US/executives/index.html

Read at BioSpace.com

DuPont
 
 

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES